A system for categorizing firms, formally adopted beginning with the 2002 Economic Census and the publication of the 2002 U.S. NAICS Manual refers to the ____________.
A) North American Industrial Classification System
B) North American Product Classification System
C) Standard Industrial Classification
D) none of the above

Question

Quizplus · Accepted Answer

The correct system is the North American Industrial Classification System (NAICS), which was formally adopted in 2002 to replace the Standard Industrial Classification (SIC) system.

A System for Categorizing Firms, Formally Adopted Beginning with the 2002